Business

November 14, 2024 5:54 PM

Rupee slips to its weakest closing level

In the Forex market, the Indian rupee slipped to its weakest closing level today but fared better than its regional peers. The local currency closed at 84.39 against the U.S. dollar, down marginally from its close in the previous session. The dollar index, which indicates the US dollar's strength...

November 14, 2024 5:52 PM

Sensex, Nifty down for 6th consecutive session

Domestic benchmark indices, Nifty and Sensex, ended lower for the sixth consecutive session today. Despite a positive start, Indian markets were unable to hold their early gains due to pressure from weak global trends, a rising dollar index, and continued foreign investor selling. At close, the...

November 14, 2024 5:49 PM

Asian markets show mix response , European markets trading in green territory

Major Asian indices saw mixed trading today. Hong Kong's Hang Seng tumbled 0.24 percent, China's Shanghai Composite Index fell 1.76 percent and Japan's Nikkei was 0.48 percent down. Meanwhile, Singapore's Straits Times index added 0.48 percent and Korea's Kospi gained marginally. Major Eur...

November 14, 2024 5:46 PM

Oil prices recovered after early loss

Oil prices slipped in early trade today, reversing most of the previous session's gains due to a stronger dollar and concerns over higher global output amid slow demand growth forecasts. However, crude prices recovered later in the day. Brent crude futures gained 0.48 percent to trade at...

November 14, 2024 2:15 PM

FM Nirmala Sitharaman says govt is investing in digital public infrastructure to enable digital transactions

Union Finance Minister Nirmala Sitharaman said today that the government is investing in Digital Public Infrastructure to enable digital transactions. Speaking at a programme near Dharmasthala in Karnataka, she said that this will help funds reach the doorsteps of beneficiaries, enabling them to gen...

November 14, 2024 1:12 PM

Domestic equity indices rebound as institutional buying and frontline stock rally boost market

Domestic benchmark equity indices bounced back in early trade today after facing heavy correction in the last two trading days, amid massive buying by domestic institutional investors and a rally in frontline stocks. The BSE Sensex climbed 255 points to 77,945 in early trade. The NSE Nifty went up b...

November 13, 2024 7:49 PM

US stocks see modest gains as investors await key economic data

US stocks were muted yesterday as investors were awaiting the key economic data such as inflation and retail sales due later in the week. The Dow Jones Industrial Average rose 0.24 per cent, the S&P 500 gained 0.1 per cent and the Nasdaq Composite gained 0.05 per cent....

November 13, 2024 6:12 PM

Mixed trading across major Asian, European indices

Major Asian indices saw mixed trading today. South Korea's Kospi dropped over two and a half per cent, Japan's Nikkei was 1.69 per cent down and Hong Kong's Hang Seng fell 0.24 per cent. Meanwhile, China's Shanghai Composite Index gained 0.5 percent and Singapore's Straits Times index added 0.24 per...

November 13, 2024 6:02 PM

Nifty, Sensex extend slump for 5th consecutive day

Domestic Benchmark indices Nifty and Sensex deepened their slump today, marking their fifth consecutive day of loss. Both indices recorded their steepest drops in five months in early trade, with a broad-based sectoral sell-off amplifying the slide. At close, Sensex was down 984 points or 1.25 per c...

November 13, 2024 1:28 PM

Prices of large cardamom rise in Nepal as global demand increases

In Nepal, prices of large cardamom are increasing as global demand for spice surges. Currently, the market price of Large cardamom is NPR 2500 per kg in Nepal. It is a high-value cash crop in Eastern Nepal. Nepal is the largest producer of large cardamom, accounting for 68% of the global production,...